Education - As enacted, revises education law, including, but not limited to, increasing, from 25,000 to 35,000, the maximum number of education freedom scholarships that may be awarded to eligible students. - Amends TCA Title 49.

HB 2532 increases the maximum number of education freedom scholarships available to eligible Tennessee students from 25,000 to 40,000 for the 2026-2027 school year. It directs the governor to elect Tennessee’s participation in a federal education tax credit program by December 2026 and comply with all future requirements to maintain that participation. The bill amends Tennessee Code to clarify scholarship eligibility for K-12 students and establishes the 40,000 cap as the new maximum limit. These changes directly affect students qualifying for the education freedom scholarship program and the state’s administrative processes for the program.